We call them financial obligation traps for a explanation: Payday financing has very long resulted in schemes that literally trap consumers in consecutive loans with obscenely high interest levels.
Writer: Mike Litt
Started on staff: 2015B.A., University of Texas at Austin
Mike directs U.S. PIRG's nationwide campaign to protect customers on Wall Street plus in the monetary market by protecting the customer Financial Protection Bureau. Mike additionally works well with more powerful privacy defenses and business accountability in the wake regarding the Equifax information breachвЂ”which has received him extensive nationwide media protection in many different outlets.